“date of distribution”, in relation to any distribution, means-

 

(a)    to the extent that the distribution does not consist of a distribution of an asset in specie–

 

(i)      where the company that makes the distribution is a listed company, the date on which the distribution is paid; or

 

(ii)     where the company that makes the distribution is not a listed company, the earlier of the date on which the distribution is paid or becomes due and payable; or

 

(b)     to the extent that the distribution consists of a distribution of an asset in specie, the earlier of the date on which the distribution is paid or becomes due and payable.